Hollywood
Rovio’s angry birds feature film nests at Sony pictures entertainment
NEW DELHI: Sony Pictures Entertainment has won the exclusive worldwide distribution rights to the much anticipated Angry Birds animated film, making it one of the most high-profile deals of the year.
The 3D film is being developed, produced, and financed by Rovio Entertainment and will be released worldwide by Sony Pictures on 1 July 2016. Several major studios pursued the global film rights in recent weeks, with Sony Pictures Entertainment emerging as the winner.
Sony Pictures Entertainment chairman and CEO Michael Lynton, Sony Pictures Entertainment co-chairman Amy Pascal and Rovio Entertainment CEO Mikael Hed jointly announced their partnership today. John Cohen and David Maisel – producer of Despicable Me and executive producer of Iron Man, respectively – are both on board for the new Angry Birds feature film. Cohen will serve as producer and Maisel is executive producer.
Commenting on the announcement, Mikael Hed said, “Sony impressed us with their great attitude, determination, and professionalism. They convinced us that we have found the right partners and team to help us market and distribute our first motion picture. Michael, Amy, Jeff Blake, Sony’s marketing and distribution head, and their teams will be the best possible collaborators as we get set to take our franchise to the next level.”
Lynton and Pascal said, “Every studio in town would love to add Angry Birds to their slate. There are few titles out there that bring this kind of excitement, brand awareness and built-in audience to the table. We’re thrilled to be distributing this film and we hope this is just the beginning of what will be a long relationship with Rovio as we look for ways to work on future projects together.”
David Maisel and John Cohen said, “We are very excited to join with Sony Pictures in presenting this movie to the world in 2016 and we will have many more announcements as we begin production in the coming months.”
Angry Birds is one of the world’s biggest entertainment franchises, starting in 2009 with the original mobile game that remains the number one paid app of all time. Angry Birds has expanded rapidly into entertainment, publishing, and licensing to become a beloved international brand.
Angry Birds has been praised for its great value and simple, casual gameplay. Players use a slingshot to launch birds at green pigs in an attempt to get their eggs back, with the game setting the model for what is possible in terms of game development and commercial success. To date, the Angry Birds and Bad Piggies games have been downloaded more than 1.7 billion times across platforms and versions.
The upcoming movie marks Rovio Entertainment’s first foray into feature films, although fans have already been introduced to the Angry Birds world with the weekly Angry Birds Toons animated series. Rovio launched the series in March through its Angry Birds apps as well as on select video-on-demand channel providers, Smart TVs, connected devices, and on select TV networks around the world. Paving the way for a full-length feature film, Angry Birds Toons has been a massive success for Rovio clocking in over 150 million views from the Angry Birds apps alone within the first six weeks.
While known for distributing world renowned motion picture franchises such as Spider-Man, Sony Pictures has been building a strong reputation in contemporary animation through its house production unit, Sony Pictures Animation, and hit films including Hotel Transylvania, The Smurfs, Cloudy with a Chance of Meatballs, Surf’s Up, Open Season, and Aardman’s Arthur Christmas and The Pirates! Band of Misfits.
Hollywood
Paramount eyes $24bn Gulf support to fund Warner Bros Discovery merger: Reports
Sovereign funds line up funding as media giants chase streaming scale
NEW YORK: Paramount Skydance is in talks to secure nearly $24 billion in equity commitments from Gulf sovereign wealth funds to support its planned takeover of Warner Bros. Discovery, according to a WSJ report.
The funding push comes as Paramount Skydance advances its proposed $110 billion deal for Warner Bros. Discovery, which carries an equity valuation of $81 billion and is expected to close in the third quarter of 2026.
At the heart of the financing plan are three major Gulf investors. Saudi Arabia’s Public Investment Fund is expected to contribute roughly $10 billion, while the Qatar Investment Authority and Abu Dhabi-based L’imad Holding are likely to make up the remainder.
Crucially, the proposed investments are structured as non-voting stakes. This means the Gulf backers would not have direct control in the combined entity, a move designed to ease regulatory concerns in the United States. Paramount executives reportedly do not expect the deal to trigger scrutiny from bodies such as the Committee on Foreign Investment in the United States or the Federal Communications Commission.
If completed, the merger would bring together a formidable portfolio of entertainment and news assets, including CNN and CBS. The combined entity aims to better compete in a fast-evolving media landscape where streaming platforms are steadily pulling audiences away from traditional television.
The deal reflects a broader shift in global media, where scale is increasingly seen as essential to survive the streaming wars. By pooling content libraries, technology and distribution, Paramount Skydance and Warner Bros. Discovery are betting on size and synergy to drive future growth.
The involvement of deep-pocketed Gulf investors also underscores the growing role of sovereign wealth in shaping global media consolidation, particularly at a time when high-value deals demand equally large financial backing.
With shareholder votes and regulatory milestones still ahead, the proposed tie-up remains one of the most closely watched media deals of the year. If it clears the final hurdles, it could redraw the competitive map of the global entertainment industry.
